US HR6378

Bill

US HR6378

Interagency Pandemic Guidance for Consumers Act

Introduced
03/23/2020

In Committee
03/23/2020

Crossed Over

Passed

Dead
12/31/2020

Introduced Session

116th Congress

Bill Summary

To require the Federal financial regulators to issue interagency regulatory guidance in order to provide forms of relief to borrowers and customers during pandemics and major disasters, to continue to operate and provide services and lending, and to require such regulators to conduct testing with financial institutions to assess pandemic or disaster preparedness, and for other purposes. This bill directs financial regulators to issue interagency guidance regarding consumer debt relief options (e.g., deferment, forbearance, and affordable payment plans) in the event of a major disaster or pandemic. Financial regulators must also test financial institutions' response to a pandemic or major disaster every five years and report the results to Congress.

AI Summary

This bill directs financial regulators to issue interagency guidance regarding consumer debt relief options, such as deferment, forbearance, and affordable payment plans, in the event of a major disaster or pandemic. It also requires financial regulators to test financial institutions' response to a pandemic or major disaster every five years and report the results to Congress. The key terms in this bill are "Federal financial regulators," which refers to various government agencies that oversee the financial industry, and "major disaster," which is defined as a disaster declared by the President under the Stafford Act.

Committee Categories

Business and Industry

Sponsors (2)

Jennifer Wexton (D)*, Maxine Waters (D),

Last Action

Referred to the Committee on Financial Services, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. (on 03/23/2020)

Official Document

https://www.congress.gov/bill/116th-congress/house-bill/6378/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/116th-congress/house-bill/6378/all-info
BillText	https://www.congress.gov/116/bills/hr6378/BILLS-116hr6378ih.pdf
Bill	https://www.congress.gov/116/bills/hr6378/BILLS-116hr6378ih.pdf.pdf

Bill	Bill Name	Last Action	Type
HR6321	Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act	Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, Education and Labor, Small Business, the Judiciary, and Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related
HR6379	Take Responsibility for Workers and Families Act Workforce Emergency Response Act of 2020	Referred to the Committee on Appropriations, and in addition to the Committees on the Budget, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.	Related

Bill > HR6378

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Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (2)

Last Action

Official Document

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